Author Topic: Rate of charged off loans with P2P lending platforms  (Read 290 times)

ayp0

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Rate of charged off loans with P2P lending platforms
« on: December 18, 2018, 08:20:41 AM »
Hello everyone,

New member here.
I am invested at Upstart for a little more than a year with total of 283 loans, 7 delinquent (2.5%) and 4 charged off (1.5%). The IRR there is 7.46% currently. I assume everyone with Upstart most likely have similar statistics as Upstart does not allow to control investment risk. What is your experience with other platforms on the same metrics? How has it changed over time? For example, economy has been great up to recently but things seem to be changing lately, are you seeing an uptick on delinquent/discharges loans?
Thank you

Fred93

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Re: Rate of charged off loans with P2P lending platforms
« Reply #1 on: December 18, 2018, 12:50:27 PM »
I invest in platforms that let me control my risk by making choices.

There was a large move upward in chargeoffs in 2015/6, but it has leveled of now.

GeorgeR

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Re: Rate of charged off loans with P2P lending platforms
« Reply #2 on: February 04, 2019, 10:21:33 AM »
Yes, I also believe only in platforms that let risk controling. Otherwise, what is a benefit? What was your reason to choose Upstart?